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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $1.0M, roughly 1.3× ReTo Eco-Solutions, Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -164.1%, a 32.5% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -0.9%). ReTo Eco-Solutions, Inc. produced more free cash flow last quarter ($-1.7M vs $-2.6M).

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

MSAI vs RETO — Head-to-Head

Bigger by revenue
MSAI
MSAI
1.3× larger
MSAI
$1.4M
$1.0M
RETO
Growing faster (revenue YoY)
RETO
RETO
+37.4% gap
RETO
36.6%
-0.9%
MSAI
Higher net margin
RETO
RETO
32.5% more per $
RETO
-131.6%
-164.1%
MSAI
More free cash flow
RETO
RETO
$948.8K more FCF
RETO
$-1.7M
$-2.6M
MSAI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MSAI
MSAI
RETO
RETO
Revenue
$1.4M
$1.0M
Net Profit
$-2.3M
$-1.4M
Gross Margin
17.7%
Operating Margin
-171.6%
-133.0%
Net Margin
-164.1%
-131.6%
Revenue YoY
-0.9%
36.6%
Net Profit YoY
23.7%
-103.5%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MSAI
MSAI
RETO
RETO
Q4 25
$1.4M
Q3 25
$1.6M
Q2 25
$1.4M
$1.0M
Q1 25
$1.2M
Q4 24
$1.4M
Q3 24
$1.6M
Q2 24
$2.1M
$768.4K
Q1 24
$2.3M
Net Profit
MSAI
MSAI
RETO
RETO
Q4 25
$-2.3M
Q3 25
$-1.7M
Q2 25
$-3.3M
$-1.4M
Q1 25
$-4.4M
Q4 24
$-3.0M
Q3 24
$-8.2M
Q2 24
$-6.4M
$-678.5K
Q1 24
$-3.9M
Gross Margin
MSAI
MSAI
RETO
RETO
Q4 25
Q3 25
Q2 25
17.7%
Q1 25
Q4 24
Q3 24
Q2 24
43.3%
Q1 24
Operating Margin
MSAI
MSAI
RETO
RETO
Q4 25
-171.6%
Q3 25
-107.6%
Q2 25
-233.8%
-133.0%
Q1 25
-394.6%
Q4 24
-199.6%
Q3 24
-541.5%
Q2 24
-228.1%
-68.0%
Q1 24
-112.7%
Net Margin
MSAI
MSAI
RETO
RETO
Q4 25
-164.1%
Q3 25
-106.5%
Q2 25
-234.1%
-131.6%
Q1 25
-379.1%
Q4 24
-213.2%
Q3 24
-511.5%
Q2 24
-300.8%
-88.3%
Q1 24
-172.4%
EPS (diluted)
MSAI
MSAI
RETO
RETO
Q4 25
$-0.02
Q3 25
$-0.05
Q2 25
$-0.10
Q1 25
$-0.14
Q4 24
$0.07
Q3 24
$-0.34
Q2 24
$-0.47
$-0.25
Q1 24
$-0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MSAI
MSAI
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$24.4M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.0M
$30.4M
Total Assets
$35.5M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSAI
MSAI
RETO
RETO
Q4 25
$24.4M
Q3 25
$1.1M
Q2 25
$3.2M
$2.5M
Q1 25
$4.7M
Q4 24
$4.4M
Q3 24
$8.6M
Q2 24
$234.0K
$1.6M
Q1 24
$491.0K
Total Debt
MSAI
MSAI
RETO
RETO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
MSAI
MSAI
RETO
RETO
Q4 25
$32.0M
Q3 25
$8.3M
Q2 25
$9.8M
$30.4M
Q1 25
$12.9M
Q4 24
$12.3M
Q3 24
$15.6M
Q2 24
$1.6M
$13.3M
Q1 24
$1.4M
Total Assets
MSAI
MSAI
RETO
RETO
Q4 25
$35.5M
Q3 25
$11.9M
Q2 25
$14.6M
$41.4M
Q1 25
$16.4M
Q4 24
$15.5M
Q3 24
$18.9M
Q2 24
$16.4M
$33.7M
Q1 24
$14.1M
Debt / Equity
MSAI
MSAI
RETO
RETO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSAI
MSAI
RETO
RETO
Operating Cash FlowLast quarter
$-2.2M
$-1.6M
Free Cash FlowOCF − Capex
$-2.6M
$-1.7M
FCF MarginFCF / Revenue
-187.3%
-157.4%
Capex IntensityCapex / Revenue
26.2%
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSAI
MSAI
RETO
RETO
Q4 25
$-2.2M
Q3 25
$-1.8M
Q2 25
$-804.0K
$-1.6M
Q1 25
$-3.2M
Q4 24
$-3.1M
Q3 24
$-12.7M
Q2 24
$-303.0K
$-4.8M
Q1 24
$492.0K
Free Cash Flow
MSAI
MSAI
RETO
RETO
Q4 25
$-2.6M
Q3 25
$-2.1M
Q2 25
$-1.3M
$-1.7M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
MSAI
MSAI
RETO
RETO
Q4 25
-187.3%
Q3 25
-136.1%
Q2 25
-91.5%
-157.4%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
MSAI
MSAI
RETO
RETO
Q4 25
26.2%
Q3 25
21.5%
Q2 25
34.8%
5.1%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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